MISSISSAUGA, ON, Nov. 4, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced that Pauline Dhillon will assume the role of Chief Executive Officer, effective January 1, 2026.

Pauline has been a Founding Partner with the company since its inception, and during her illustrious 24-year career, she has held roles of increasing responsibility, including Vice President, Corporate Marketing & Government Affairs, Chief Corporate Officer and, more recently, Co-CEO. She has successfully overseen corporate functions including Human Resources, Finance and Information Technology, Regulatory Affairs, Strategic Customer Management, Charter Sales, Revenue Optimization, Maintenance, and Stakeholder Management. Pauline has also been instrumental in building a strong and effective leadership team to support Cargojet’s continued growth.

“Pauline’s strategic vision, deep understanding of our operations, and commitment to our customers and employees make her the ideal choice to lead Cargojet into the future,” said Ajay Virmani, Executive Chairman of Cargojet. “Pauline embodies what Cargojet stands for in every respect and has been at the forefront of building a customer-centric culture that has become the foundation of our success,” concluded Mr. Virmani.

Incoming CEO, Pauline Dhillon, commented, “I am honoured to take on this role and excited about the opportunities ahead. We have a talented team at Cargojet, and I am confident that together we will continue to deliver exceptional service to our customers and drive sustainable growth for our shareholders.”

With Pauline Dhillon at the helm, Cargojet is well-positioned to capitalize on new growth opportunities, particularly in the European and Asian markets. The company’s proven business model, strong customer relationships, and commitment to operational excellence will be key drivers of success as it expands its global footprint and taps into new high-growth markets.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI, and International Charter services carrying over 25,000,000 pounds of cargo weekly. Cargojet operates a fleet of 41 freighter aircraft.

MISSISSAUGA, ON, Nov. 4, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced the upcoming retirement of Co-CEO and Founding Member Jamie B. Porteous, effective December 31, 2025. After an extraordinary career spanning more than two decades, Jamie will step down from his executive role to spend more time with family and pursue personal passions. To ensure continuity and stability, Jamie will remain with the company as Strategic Advisor until December 31, 2026, continuing to guide key relationships and support the leadership team through this important transition.

As one of Cargojet’s founding members, Jamie has been a cornerstone of the company’s growth and success. His vision, integrity, and deep understanding of the business helped transform Cargojet from a bold start-up idea into Canada’s premier air cargo carrier and a respected global brand. He has been instrumental in building enduring customer partnerships and fostering a culture defined by service excellence, trust, and collaboration.

“Working alongside Ajay Virmani, Founder and Executive Chairman, and Pauline Dhillon, Co-CEO, has been the highlight of my professional life,” said Jamie Porteous. “From our earliest days, we shared a common dream – and together, we built a truly Canadian success story from both a transportation and public company perspective. I’m immensely proud of what we’ve achieved, and deeply grateful to our incredible team, past and present, whose hard work and dedication have made it all possible. “I look forward to this next chapter – spending more time with my family and friends while continuing to support Cargojet in my advisory role and with the confidence in the continued positive stewardship and growth of the business for many more years to come.”

“Jamie’s impact on Cargojet cannot be overstated,” said Ajay Virmani, Executive Chairman. “He has been a trusted partner, a steady hand, and a true ambassador of our values. His leadership and loyalty have helped shape Cargojet’s identity and drive its growth for nearly a quarter of a century. Having Jamie remain with us as Strategic Advisor is a tremendous advantage – his insight, experience, and relationships will continue to guide our team as we build on the foundation he helped create. We thank Jamie for his unwavering dedication, wish him and his family every happiness in this next chapter, and look forward to his continued counsel and friendship.”

In conjunction with this announcement, Cargojet has issued a separate release introducing its new Chief Executive Officer.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI, and International Charter services carrying over 25,000,000 pounds of cargo weekly. Cargojet operates a fleet of 41 freighter aircraft.

Canada’s leading air cargo carrier delivers robust profitability and cash flow in a period of unprecedented volatility

MISSISSAUGA, ON, Nov. 4, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced financial results for the third quarter ended September 30, 2025.

“The resilience of Cargojet’s business model was proven this quarter as our core Domestic Network revenue increased by more than 6% year-over-year. Despite near-term macroeconomic headwinds impacting our ACMI and Charter lines of business, we remain optimistic that international trade will stabilize and find new norms in the longer term, and we will continue to pursue new opportunities as a result.” said Jamie Porteous, Co‑Chief Executive Officer.

“We delivered a robust EBITDA margin of 32.0% and free cash flow of $152.4 million in the third quarter of 2025, up 219% year-over-year as a result of our disciplined approach to cost and capital management. Our clear focus remains on exceptional reliability and service to our customers, which we believe is the key to long-term success through challenging times,” said Pauline Dhillon, Co-Chief Executive Officer. “I want to sincerely thank each of our incredible Cargojet team members who deliver that exceptional customer service every day.”

For the third quarter ended September 30, 2025:

• Total revenues were $219.9 million, a decrease of $25.7 million or 10.5% compared to the same period of the previous year, supported by a $5.9 million or 6.3% year-over-year increase in domestic revenue, more than offset by declines in ACMI and Charter revenues driven primarily by macroeconomic conditions.
• Free Cash Flow was $152.4 million, an increase of $104.6 million or 218.8% compared to the same quarter last year primarily driven by an increase in cash flow from operations of $15.9 million and an increase in proceeds from disposal of property, plant and equipment and assets held for sale, net of purchases, of $88.7 million.
• Adjusted EBITDA margin of 32.0%, down 1.5% compared to the same quarter last year, primarily driven by lower net earnings impacted by declines in ACMI and Charter revenues driven primarily by macroeconomic conditions.
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $70.4 million, a decrease of $11.8 million or 14.4% compared to the same quarter of the previous year primarily driven by lower net earnings impacted by declines in ACMI and Charter revenues driven primarily by macroeconomic conditions.
• Net earnings of $8.8 million, a decrease of $20.9 million or 70.4% compared to net earnings of $29.7 million for the third quarter of 2024 impacted by declines in ACMI and Charter revenues driven primarily by macroeconomic conditions.

MISSISSAUGA, ON, Oct. 30, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) proudly announces a scheduled direct air cargo service connecting Canada and expanding into Europe, effective November 1, 2025. The service will link Liege Airport (LGG), Europe’s leading cargo gateway, with Canada’s major cargo hubs.

“Leveraging Cargojet’s industry-leading record of on-time performance and reliability, we are strengthening the ties between Canada and Europe while expanding opportunities for our customers,” said Pauline Dhillon and Jamie Porteous, Co-Chief Executive Officers, in a joint statement. “This service allows Cargojet to be at the centre of transatlantic trade, supporting the forwarder community’s evolving needs with faster transits, reliable service, and enhanced flexibility for shippers across both continents.”

“We are thrilled to welcome Cargojet to Liege Airport, recognized as one of Europe’s very best cargo hubs”, remarks Torsten Wefers, VP Marketing & Sales, Liege Airport. “This partnership represents a major step forward for the LGG community and for Europe–Canada logistics, unlocking new potential and connectivity for our customers and partners.”

This weekly service marks a significant expansion of Cargojet’s global network, providing customers with dependable, time-sensitive capacity and enhanced connectivity across continents. Integrated within Cargojet’s domestic overnight network, the route will offer streamlined connections across Canada, improving overall transit times and providing greater flexibility for freight forwarders, logistics providers, and shippers.

Operating on an initial once-weekly schedule, the route enhances access to one of Europe’s most strategic cargo hubs, with plans to increase frequency as demand and opportunities continue to grow. This integration supports Cargojet’s long-term expansion strategy and reinforces its position as a reliable partner in the global logistics market.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI, and International Charter services carrying over 25,000,000 pounds of cargo weekly. Cargojet operates a fleet of all Boeing aircraft.

MISSISSAUGA, ON, Oct. 22, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced the successful renewal of its International Air Transport Association (IATA) Operational Safety Audit (IOSA) registration. IOSA is the globally recognized benchmark that evaluates an airline’s operational management and control systems using standardized, internationally accepted audit principles.

“Safety is at the core of everything we do. This renewal highlights the strength of Cargojet’s operational standards and our commitment to maintaining the highest levels of safety and compliance across our global network. Our success also relies on a culture of continuous improvement. This demonstrates the exceptional work of our teams, who consistently go above and beyond to uphold the standards that define Cargojet’s reputation for reliability and service excellence,” said Co-CEOs Jamie Porteous and Pauline Dhillon in a joint statement.

IATA’s mission is to represent, lead, and serve the airline industry. With approximately 350 member airlines accounting for over 80% of global air traffic, IOSA registration is widely recognized as a benchmark of operational excellence and safety. Cargojet is proud to be a full IATA airline member, reinforcing our commitment to the highest global practices in the air cargo industry.

Cargojet extends its sincere appreciation to its dedicated professionals for their focus, teamwork, and ongoing commitment to maintaining the highest standards of operational safety and performance.

About Cargojet 

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI, and International Charter services and carrying over 25,000,000 pounds of cargo weekly. Cargojet operates a fleet of all Boeing aircraft. 

MISSISSAUGA, ON, Aug. 18, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced that it has successfully retained its ISO 9001:2015 Quality Standard Accreditation for the twenty-third consecutive year. Cargojet remains the only air cargo carrier in Canada to consistently hold this certification.

“This accreditation reinforces Cargojet’s commitment to delivering high-quality, safe, reliable, and timely service every day. It reflects the ongoing reviews and audits of our quality management systems to ensure they are effectively implemented. Most importantly, it is a testament to the dedication of our team, whose efforts consistently exceed customer expectations while upholding the highest standards, processes, and procedures,” said Jamie B. Porteous and Pauline Dhillon, Co-CEOs of Cargojet.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America. The company provides Dedicated, ACMI, and International Charter services and transports more than 25 million pounds of cargo weekly. Cargojet operates a fleet consisting exclusively of Boeing aircraft.

MISSISSAUGA, ON, Aug. 6, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced financial results for the second quarter ended June 30, 2025.

For the second quarter ended June 30, 2025:

• Total revenues, driven by a 14% increase in Domestic revenues and 22% growth in Charter revenues, came in at $238.2 million, an increase of $7.4 million or 3.2% compared to the same period of previous year.
• Adjusted EBITDA⁽¹⁾ (earnings before interest, taxes, depreciation and amortization) was $80.2 million, an increase of $1.1 million or 1.4% compared to the same quarter of previous year.
• Net loss was $3.2 million, a decrease of $21.8 million or 87.2% compared to a net loss of $25.0 million for the second quarter of 2024.
• Achieved another record On-time Arrival Performance of 99.5% within fifteen minutes of scheduled arrival time during the quarter.

“Cargojet posted strong overall revenues despite ongoing uncertainty and a weakening economic outlook, underscoring the strength of our network. Softness in the ACMI segment from weaker European traffic was more than offset by robust domestic and charter revenue growth, and with the EU–US trade deal now in place, we expect the EU–US corridor to reopen and generate new ACMI and charter opportunities in the coming quarters, said Jamie Porteous, Co–Chief Executive Officer.

“Ensuring that we can deliver shareholder value in any economic cycle remains a clear priority. Our company wide cost management and productivity initiatives produced a year-on-year improvement in adjusted EBITDA and sequential improvement of 140 basis-point increase in adjusted EBITDA margins, despite a 10% drop in block hours flown during Q2 versus the prior year,.” said Pauline Dhillon, Co-Chief Executive Officer.

Second Quarter 2025 Financial Results:

• Total revenue $238.2 million
• Total expenses $212.3 million
• Operating earnings $2.1 million with adjusted EBITDA of $80.2 million
• Net cash flows from operating activities of $28 million
• Net loss of $3.2 million and adjusted⁽¹⁾ earnings per share of $1.02

About Cargojet

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates a fleet of all Boeing aircraft.

Agreement Term Extended to 2033 with revenue target of up to C$3.2 billion

MISSISSAUGA, ON, Aug. 6, 2025 /CNW/ – Cargojet Inc. (“Cargojet“) (TSX: CJT) announced today that it has renewed its strategic agreement (the “Agreement“) with DHL Network Operations (USA) Inc., an affiliate of DHL Group (together, “DHL“) (XETRA: DPW.DE), until March 31, 2033. DHL will have two consecutive renewal options, each for an additional two-year term, potentially extending the term of the Agreement until March 31, 2037.

Since commencing its business relationship with DHL in 2005, Cargojet has significantly broadened its service portfolio over the subsequent two decades, enhancing its operational scope and capabilities and turning this into a true partnership. Under the Agreement, Cargojet will offer its entire range of air-transportation services including ACMI, CMI, charter, and aircraft dry lease services to DHL to support DHL’s global logistics network. Cargojet currently utilizes a fleet of Boeing 767 and Boeing 757 freighters to service DHL’s global requirements. Under this expanded strategic partnership, DHL will maintain a minimum monthly block hours guarantee and provide Cargojet with a preferred opportunity to fly additional routes as it rearranges or adds additional capacity globally.

“Securing the confidence of DHL Group underscores the strength of Cargojet’s value proposition as a long-term strategic partner. This deepened alliance is a testament to our team’s relentless commitment to delivering industry-leading on-time performance and operational flexibility. Their efforts to earn the trust of DHL every single day, continue to position Cargojet as a key enabler of global logistics,” said Executive Chairman Dr. Ajay Virmani.

“Cargojet is an important strategic partner and delivers high quality, capacity, and flexibility to DHL Express, operating key routes for us into Canada, Mexico, and Latin America. We are pleased to extend our long-standing relationship with Cargojet and look forward to future expansion where mutually beneficial to both organizations” said Travis Cobb Executive Vice President Global Operations and Aviation, DHL Express.

In addition, to align interests and strengthen the long-term strategic relationship, Cargojet will fully terminate the warrants to acquire 1,645,000 voting shares issued to DHL in March 2022 and issue warrants (the “Warrants“) to acquire up to 1,000,000 (one million) of Cargojet’s outstanding voting shares, representing up to 6.63% of Cargojet’s shares (on a non-diluted basis as of the date hereof), at a price of C$93.61 per share over a period of eight years, with vesting tied to the delivery by DHL of up to C$3.2 billion¹ in business volume during the same term.

About DHL

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

About Cargojet

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI, CMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of all Boeing aircraft.

MISSISSAUGA, ON, July 2, 2025 /CNW/ – Cargojet Inc. (“Cargojet”) (TSX: CJT) announced the extension of its Air Transportation Services Agreement (“Contract”) with Amazon Canada Fulfillment Services, ULC (“Amazon”). The new Contract has a term of additional four years until March 31, 2029 and Amazon will also have the option to renew the Contract until March 31, 2031.

“This multi-year Contract underscores Cargojet’s role in Amazon’s logistics network. At the heart of our success is a dedicated Cargojet team that makes it happen every single day” said Ajay Virmani, Executive Chairman.

About Cargojet:

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America and select international destinations, providing dedicated, ACMI, CMI and international charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet owns/operates a fleet of 41 aircraft.

MISSISSAUGA, ON, June 16, 2025 /CNW/ – Cargojet Inc. (TSX: CJT.UN) is pleased to announce the appointment of Mr. Aaron McKay as Chief Financial Officer, effective August 1, 2025. Mr. McKay brings extensive expertise in the airline industry, with a proven track record in senior financial leadership roles. His strategic acumen and deep understanding of financial operations will significantly strengthen Cargojet’s executive team as the company continues to drive growth and operational excellence.

“We are delighted to welcome Aaron as our Chief Financial Officer,” said Co-CEOs Jamie B. Porteous and Pauline Dhillon in a joint statement. “His exceptional financial expertise and industry insights will be instrumental in guiding Cargojet’s strategic initiatives and ensuring sustained financial success. We are confident Aaron’s leadership will further solidify our position as a market leader.”

Cargojet is Canada’s premier provider of time-sensitive air cargo services, serving major cities across North America. Operating a fleet of 41 cargo aircraft, the company delivers dedicated, ACMI, and international charter services, transporting over 25 million pounds of cargo weekly. With a commitment to reliability and innovation, Cargojet continues to set the standard for premium air cargo solutions.